Pound to euro LIVE: Sterling jumps against euro and dollar as Boris outlines roadmap | City & Business | Finance
Boris Johnson set out his roadmap to the end of lockdown today in the House of Commons. During his statement, where he outlined getting the country back to normal, the pound nudged higher against the euro and dollar. His statement suggested much of England could be back to normal by the end of June.
Andrew Neil wrote on Twitter: “Sterling nudges over $1.41 and €1.16 on PM’s statement.”
Sterling had already hit a new three-year high of $1.4050 in early London trading today as it reached its highest levels since April 2018 and has now risen more than 2.6 percent against the dollar this year.
Britain moved faster than most countries to secure vaccine supplies and has been inoculating people rapidly since December, a strategy that has driven sterling and stock markets higher on hopes of an economic rebound.
The recent pound strengthening has been attributed to the UK’s success in providing Covid-19 vaccinations which has seen 17.6 million people, more than a quarter of the 67 million population, receive their first dose of a Covid-19 vaccine.
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